Chinese stocks have been smashed again, despite efforts to stem the losses

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Despite the best efforts by policymakers to stem the bleeding, Chinese stocks fell heavily in Thursday trade.

The benchmark Shanghai Composite index had lost a further 3.5%, taking its total losses over the past 13 trading sessions to 25%. The CSI 300 and tech-heavy ChiNext indices declined by a similar margin.

China’s stock market has become increasingly volatile with some of the largest intraday swings on record occurring in recent sessions.

Today the Shanghai Composite traded in a 285 point range, or 7% of yesterday’s closing level.

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